Consumer Electronics to Dominate India Ophthalmoscope Market through FY2027
Increase in number of ophthalmic clinics and advancements in laser
technology is expected to drive the India ophthalmoscope market for the
forecast period.
According to TechSci Research report, “India
Ophthalmoscope Market By Product (Direct Ophthalmoscope v/s Indirect
Ophthalmoscope) By Light Source (Halogen Illumination Ophthalmoscope, Xenon
Illumination Ophthalmoscope, LED illumination Ophthalmoscope) By Application
(Glaucoma, Lattice Degeneration, Diabetic Retinopathy, Others) By End User
(Hospitals & Clinics, Eye Care Centers, Ambulatory Care Centers, Others) By
Company, By Region, Forecast & Opportunities, FY2027”, India ophthalmoscope
market is expected to witness steady growth for the next five years. Ophthalmoscopy
is the process for conducting test for eye examination using an ophthalmoscope
to examine inside the fundus of eye. Ophthalmoscope helps in detection of
abnormalities of retina, vitreous humor, optic disk, and lens and focuses a
small beam of light though the pupil of patient’s eye. The ophthalmoscope
devise comprises of eye piece, light illuminating source, battery handle and an
aperture selector. India healthcare industry is developing at the rapid rate
and there is high prevalence of eye diseases. Increase in the government
initiatives to prevent blindness and cataract among the population such as National
Program for Control of Blindness (NPCB) is another factor responsible for the
growth of the ophthalmoscope market. Surge in healthcare expenditures for
treatment of blindness, sight loss and sight-threatening conditions are
expected to boost the demand for eye care and examination market which is
further expected to drive the demand of ophthalmoscope market. Rise in
occurrence of chronic diseases such as diabetes and hypertension can lead to
retinopathy which is a significant factor accelerating the ophthalmoscope
market growth.
Due to the ongoing pandemic COVID-19, lockdown restrictions
were imposed all over the country. Complete shutdown was observed, and people
started practicing social distancing and following the precautionary
guidelines. Imposition of strict regulations and policies by leading
authorities led to huge losses suffered by businesses. Also, the demand for medical
devices have gone down. Manufacturing units were shut down and loss of
availability of skilled labors led to market decline. Number of units imported
or exported to other countries also suffered a setback. After the lifting of
lockdown restrictions, companies are again operational and producing with lower
volume and the market is expected to pick up the pace eventually.
However, lack of skilled healthcare
professionals and eye surgeons may hamper the growth of ophthalmoscope market for
the forecast period.
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India ophthalmoscope market is segmented into product, light
source, application, end user, regional distribution, and company. Based on application,
market can be further divided into glaucoma, lattice degeneration, diabetic
retinopathy, and others. The diabetic retinopathy segment is expected to
account for major market share for the forecast period, FY2023-FY2027. Diabetic
retinopathy is a diabetes complication which effects the eye adversely by
damages the blood vessel in the tissue at the back of the eye. Diabetic
retinopathy is treated with the help of laser technology fueling the growth of
ophthalmoscope market. Sometimes, glaucoma leads to diabetic retinopathy which
is another factor responsible for high demand of ophthalmoscope market. Based
on product, market can be divided into direct ophthalmoscope and indirect ophthalmoscope.
Direct ophthalmoscopy is expected to witness growth for the next five years as
it has an advantage of capturing erect view of fundus with moderate to high
resolution. Indirect ophthalmoscopy in examination of retinal health and it can
be carried out without giving anaesthesia to patients.
Hill-Rom India Private Limited, Riester-Halma India, Scorpia
India Medicare Pvt. Ltd. (HEINE Optotechnik), Prkamya Visions, Carl Zeiss India
Pvt. Ltd., Medline Industries India Private Limited, Easilens Healthcare Computers
Limited, United Optical Company are the leading players operating in India ophthalmoscope
market. Manufacturers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several ophthalmoscope
manufacturers are coming up with their technologically advanced offerings.
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“Advancements
in technology to upgrade diagnostic procedures such as introduction of
ophthalmoscopes having multimodal fundus imaging platform which combines the
high-definition scanning laser ophthalmoscope and optical coherence tomography.
is driving the demand of the market. Launch of novel products by key players to
meet the unmet needs of ophthalmic procedures is fostering the growth of
ophthalmoscope market. Increase in number of geriatric population and
occurrence of eye-related disorders is expected to accelerate the
ophthalmoscope market growth till FY2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“India
Ophthalmoscope Market By Product (Direct Ophthalmoscope v/s Indirect
Ophthalmoscope) By Light Source (Halogen Illumination Ophthalmoscope, Xenon
Illumination Ophthalmoscope, LED illumination Ophthalmoscope) By Application
(Glaucoma, Lattice Degeneration, Diabetic Retinopathy, Others) By End User
(Hospitals & Clinics, Eye Care Centers, Ambulatory Care Centers, Others) By
Company, By Region, Forecast & Opportunities, FY2027” has evaluated the
future growth potential of India ophthalmoscope market and provided statistics &
information on market size, shares, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the of India ophthalmoscope market.
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